Geiger Intersects 90 Metres of Near-Surface Uranium Mineralization, Including High-Grade Radioactivity over 15,000 cps, on Trend to Orano's Kiggavik
Geiger Intersects 90 Metres of Near-Surface
Uranium Mineralization, Including High-Grade
Radioactivity over 15,000 cps, on Trend to
Orano's Kiggavik
Key Highlights
High-Grade Radioactivity at Fox:
Third hole FOX26-003 intersected five main zones of uranium
mineralization over an 89.8 metre interval, with radioactivity up to 15,022 cps¹, the strongest hole
drilled at Fox to date. Assays are pending.
Mineralization From Just 41 Metres:
Mineralization in FOX26-003 begins at only 41.0 metres
depth, substantially shallower than the discovery hole, the system is strengthening toward surface.
Three for Three:
Every hole drilled at Fox has intersected uranium mineralization and/or
extensive alteration across a 1.3-kilometre target that remains open and largely untested.
Two New Discoveries, One District:
Fox and Apollo, both discovered this season, 10
kilometres apart, sit directly on the Andrew Lake Fault, along strike from Orano's Kiggavik-area
deposits (~127 million pound historical mineral resource²). The corridor extends 17 kilometres
across Geiger's Aberdeen Project, with numerous analogous targets untested.
Clear Roadmap for 2027:
Aggressive follow-up drilling at Fox and Apollo, and systematic testing
of look-alike gravity targets along the corridor.
Toronto, Ontario--(Newsfile Corp. - September 21, 2026) - Geiger Energy Corp. (TSXV: BEEP)
(OTCQB: BSENF) ("
Geiger
" or the "
Company
") is pleased to announce that follow-up drilling at the Fox
Zone has intersected the strongest radioactivity encountered to date on its Aberdeen Project in the
Thelon Basin, Nunavut (
Figure 1
and
Figure 2
). Two follow-up holes were completed at Fox after the
discovery hole before the 2026 weather window closed (Table 1).
Fox Delivers Its Strongest Hole Yet
FOX26-003, stepped 25 metres northwest of the discovery hole, intersected intermittent elevated to
high-grade radioactivity over an 89.8 metre interval from 41.0 to 130.8 metres (
Figure 3
,
Figure 4
, and
Table 2):
6.7 m (high of
7,418 cps
) from 41.0 to 47.7 m - Average: 1,639 cps
5.3 m (high of
15,022 cps
) from 56.6 to 61.9 m - Average: 3,417 cps
7.9 m (high of 1,889 cps) from 70.5 to 78.4 m - Average: 516 cps
21.8 m (high of
4,108 cps
) from 84.5 to 106.3 m - Average: 1,187 cps
18.0 m (high of
9,512 cps
) from 112.8 to 130.8 m - Average: 2,099 cps
"FOX26-003 is the strongest hole we have drilled at Fox, high-grade radioactivity beginning just 41
metres from surface, in only the third hole ever drilled into this 1.3-kilometre target. Every hole at Fox has
hit mineralization or the alteration that surrounds it, and we have tested only a fraction of the target. Just
as important is what Fox and Apollo mean together. Two grassroots discoveries in one season, 10
kilometres apart, on the same structure that hosts Orano's Kiggavik deposits — we are no longer testing
isolated targets. We are drilling what we believe is an emerging uranium district, and the corridor gives
us a compelling roadmap for systematic drilling in 2027," stated Rebecca Hunter, President and CEO of
Geiger Energy.
Mineralization is structurally controlled, hosted in altered feldspar porphyry to granite intercalated with
psammopelitic gneiss. Uranium occurs primarily as black pitchblende, moderately to locally heavily
disseminated along fractures and breccias and into adjacent wall rock, with local pale-yellow secondary
minerals (
Figure 5
,
Figure 6
and
Figure 7
). Alteration throughout the hole is extensive and locally intense
— strong clay, limonite, sooty pyrite and secondary red hematite — the classic signature of uranium
mineralized systems in the region. Assays for all 2026 drill holes are pending and will be reported once
received.
FOX26-002, stepped 25 metres southwest, intersected extensive clay, sooty pyrite and hematite
alteration similar to the discovery hole, including an elevated zone from 163.2 to 169.7 metres (largely
100-300 cps) followed by a thick, bleached, clay-altered silicified fault zone to 250 metres. The hole was
stopped at 404 metres to allow a final hole to be completed in 2026.
Watch Now: CEO Rebecca Hunter Discusses Near-Surface Uranium Mineralization
An Emerging District on the Kiggavik Trend
Fox lies directly on the Andrew Lake Fault, the major structural corridor associated with Orano's
Kiggavik-area deposits, which host an approximate 127 million pound historical mineral resource². That
corridor extends approximately 17 kilometres across Geiger's Aberdeen Project, and this season
Geiger made grassroots discoveries at two points along it: Fox, and Apollo, 10 kilometres to the
southwest.
Both targets were generated from Geiger's interpretation of gravity, magnetic and structural data and
were completely untested prior to 2026. At Fox, three holes into a target defined by two conjoined
gravity-low anomalies have confirmed a broad, structurally controlled uranium-bearing hydrothermal
system — not a single-hole occurrence — with increasingly intense radioactivity and mineralization
strengthening toward surface. Numerous analogous gravity anomalies along the corridor remain
untested.
These discoveries materially expand the Company's opportunity beyond its established Tatiggaq and
Qavvik discoveries and define a clear strategy for 2027: aggressively follow up Fox and Apollo while
systematically testing additional targets along the corridor.
Figure 1
: Aberdeen Project map showing the Fox discovery, the Andrew Lake Fault Trend, and Orano's
Kiggavik-area deposits along strike.
Figure 2
: The Andrew Lake Fault Trend over total-field magnetics, showing the structural corridor
extending from the Kiggavik area across Geiger's ground, the Fox target and additional untested
anomalies along trend.
Figure 3
: Core photograph of the strongest mineralized interval in drill hole FOX26-003 from 109.6 to
122.3 m.
Figure 4
: Cross section of FOX26-001 and FOX26-003 showing the main zone of elevated radioactivity
and uranium mineralization. The red histogram is the downhole probe radioactivity.
Figure 5
: Close-up core photograph of disseminated uranium mineralization bleeding out from fractures.
Figure 6
: Close-up core photograph of fine disseminated uranium mineralization including abundant
yellow secondary minerals in a limonite-altered, medium-grained granite to porphyry unit.
Figure 7
: Close-up core photograph of blebby black uranium mineralization along clay-coated fractures.
Table 1: Drill hole locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/315131_geigertable1.jpg
Table 2: FOX26-003 intervals of radioactivity from the downhole probe data.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/315131_478ce14894888ae2_003full.jpg
¹ Radioactivity reported in this release is in counts per second ("cps") as measured from down hole
radiometric logging.
All downhole radiometric logging was conducted using a Mount Sopris 2GHF-1000
downhole triple-gamma probe (SN-3790) connected to a Mount Sopris MATRIX Logger box (731). The
Logger box and probe were then attached to a Mount Sopris 4MXC 500m 1/8" logging winch (SN-4244,
4323) to conduct the downhole radiometric surveys. Mount Sopris' 2GHF-1000 downhole triple-gamma
probe utilizes a sodium iodine (Nal) crystal to detect changes in natural radioactivity for concentrations of
uranium, thorium and potassium from gamma rays emitted from the rock formations. Not only does the
probe use a Nal crystal, it also contains two Geiger Mueller tubes which allows the instrument to conduct
precise Natural Gamma measurements that range from 0.1% to 20% concentrations of U3O8 in
radioactive zones.
Geiger Energy Corp submits its 500 m and 1,000 m Mount Sopris winches and
downhole gamma probes to alphaNUCLEAR in Saskatoon, Saskatchewan, for comprehensive
servicing and calibration before the field season commences. Maintenance on the winches includes full
cable and head inspections, re-heading, and re-spooling to ensure optimal mechanical reliability during
field operations. Each gamma probe is tested against a known radiation standard to verify accuracy
within strict specifications, undergoing full recalibration whenever necessary to guarantee reliable, high-
precision data acquisition.
Drill core is measured using a handheld GammaGuard CT-007
scintillometer. Scintillometer readings provide a qualitative indication of the presence of radioactive
minerals only and are not a substitute for, and may not correlate with, uranium grades determined by
geochemical assay. Prior to each field program, all of Geiger Energy Corp CT-007-M scintillometers are
sent to Environmental Instruments Canada Inc. in Saskatoon, Saskatchewan, for professional calibration
and servicing to guarantee sensor accuracy and compliance with industry standards. During active field
operations, individual CT-007-M units are routinely cross-tested against one another on defined sections
of drill core to identify instrument drift and maintain consistency across operators. Radiation
measurements from the handheld CT-007-M scintillometers are systematically correlated with data from
our downhole gamma probe to validate readings.
Down hole radiometric probe and scintillometer readings provide a qualitative indication of the presence
of radioactive minerals only and are not a substitute for, and may not correlate with, uranium grades
determined by geochemical assay.
² Historical Kiggavik Mineral Resource Estimate: Source: Orano, 2025 Annual Activity Report, published
2026. Orano reports for the Kiggavik Project a historical estimate of 10.418 million tonnes grading
0.47% U (approximately 0.55% U
₃
O
₈
), containing 48,953 tonnes U (approximately 127.3 million pounds
U
₃
O
₈
) in the Indicated category, and 0.733 million tonnes grading 0.28% U (approximately 0.33%
U
₃
O
₈
), containing 2,059 tonnes U (approximately 5.4 million pounds U
₃
O
₈
) in the Inferred category.
The historical estimate is considered relevant to Geiger because the Kiggavik deposits occur along the
same regional structural trend as the targets discussed in this news release and provide geological
context for exploration at Geiger's Aberdeen Project. Geiger considers the historical estimate sufficiently
reliable for this limited contextual purpose because it is reported by Orano, the operator of the Kiggavik
Project; however, Geiger has not independently verified the estimate.
The cut-off grades and other assumptions, parameters and methods used to prepare the historical
estimate are not known to Geiger. The historical estimate uses the categories "Indicated" and "Inferred";
however, Geiger has not completed sufficient work to determine whether these historical categories are
directly comparable to the current CIM Definition Standards for Mineral Resources and Mineral
Reserves.
The 2025 Annual Activity Report is the most recent estimate for the Kiggavik Project known to Geiger.
To verify the historical estimate as a current mineral resource, a qualified person would need to review
and verify the underlying geological, drilling, sampling, analytical and estimation data and assumptions
and, if appropriate, prepare a current mineral resource estimate in accordance with NI 43-101 and
current CIM Definition Standards.
A qualified person has not completed sufficient work to classify the historical estimate as current mineral
resources or mineral reserves, and Geiger is not treating the historical estimate as current mineral
resources or mineral reserves.
About Geiger
Geiger controls approximately 338,000 hectares in Saskatchewan's Athabasca Basin and 95,000
hectares in Nunavut's Thelon Basin, two of the world's most prospective uranium districts. The
Company's flagship Aberdeen Project (Thelon Basin) hosts the high-grade, basement-hosted Tatiggaq
and Qavvik discoveries — both shallow systems open along strike and at depth — together with more
than 50 high-priority targets, many showing strong alteration and anomalous uranium from limited
historical drilling and several, like Fox, previously untested. In the Athabasca Basin, Geiger is advancing
the Hook Project, host to the near-surface ACKIO uranium discovery, which comprises at least nine
mineralized pods beginning at 28 metres depth and remains open in multiple directions.
Qualified Person Statement
The technical information contained in this news release has been reviewed and approved by Rebecca
Hunter, Ph.D., P.Geo., President & CEO of Geiger Energy Corp., a Qualified Person as defined in
National Instrument 43-101, Standards of Disclosure for Mineral Projects.
For More Information Please Contact:
Geiger Energy Corp.
Rebecca Hunter, Ph.D., P.Geo.
CEO, President & Director
Email:
Phone: 416-644-1567
Cautionary Statement
Certain information in this news release is considered forward-looking within the meaning of certain
securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking
information includes, among other things, information with respect to Geiger's beliefs, plans,
expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would",
"suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar
words and expressions are used to identify forward-looking information. The forward-looking information
in this news release describes Geiger's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially
from actual results or events. Material factors which could cause actual results or events to differ
materially from such forward-looking information include, among others, risks arising from general
economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative
and regulatory developments; inability to access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the
ability of Geiger to implement its business strategies; competition; currency and interest rate fluctuations
and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Geiger cautions that the foregoing list of material factors is not exhaustive. When relying on forward-
looking information to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. Geiger has assumed a certain progression, which
may not be realized. It has also assumed that the material factors referred to in the previous paragraph
will not cause such forward-looking information to differ materially from actual results or events. However,
the list of these factors is not exhaustive and is subject to change and there can be no assurance that
such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS
THE EXPECTATIONS OF GEIGER AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE GEIGER MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/315131